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Enhancing power supply adequacy in Spain: Migrating from capacity payments to reliability options

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IIT-07-035A.pdf (157.7Kb)
Fecha
2007-09-01
Autor
Batlle López, Carlos
Vázquez Martínez, Carlos
Rivier Abbad, Michel Luis
Pérez Arriaga, José Ignacio
Estado
info:eu-repo/semantics/publishedVersion
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There has been total unanimity about the vital importance of reliability of supply since the beginning of the electricity sector deregulation process. This paper describes the procedure proposed by Pérez-Arriaga et al. [2005. White paper for the reform of the regulatory scheme of the power generation in Spain. For the Ministry of Industry, Tourism and Trade of Spain (in Spanish)] to improve upon the current scheme to guarantee a reasonable reserve margin, the capacity payment mechanism. This alternative design introduces improvements aimed at guaranteeing at least a minimum capacity reserve margin, as well as at providing a strong incentive for generating units to be available when needed, namely, in situations when supply is likely to be insufficient to meet the total demand.
 
URI
https:doi.org10.1016j.enpol.2007.04.002
Enhancing power supply adequacy in Spain: Migrating from capacity payments to reliability options
Tipo de Actividad
Artículos en revistas
ISSN
0301-4215
Materias/ categorías / ODS
Instituto de Investigación Tecnológica (IIT)
Palabras Clave

Electricity restructuring; Electricity markets regulation; Security of supply
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